جريدة الصباح - المناخ الاستثماري عامل جذب لدخول رأس المال الأجنبي
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Economic : the investment climate to attract workers for the entry of foreign capital
Imad Principality Investment climate conditions affected the political, social and institutional development in the host country, These factors have a significant impact as a unit of overlapping can not downplay their significance. In this direction pointed financial expert in the Ministry of Finance (Hilal war) to several factors affecting the (investment climate), including in Iraq, the lack of supporting institutions for a market economy The fact that the existence of such institutions is working to attract foreign investment and the instability of the political situation and security is one of the determinants facing the entry of foreign capital to a country in Iraq, for example, takes this side of 30% - 40% of project expenditures operating in the country. March and investment in Iraq despite the attention given to the importance of foreign investment, through laws before the fall of the regime, as well as by the authority (the occupation) after the events of 4-9-2003 and submission of the proposal (text) Foreign Investment Law No. (39) for the year (2003) and to facilitate the attraction of foreign investment, which stated (that facilitate Alastth foreign Mar will help develop The infrastructure and increase the growth of Iraqi industries and contribute to the creation of jobs and increase capital Finance and result in the entry of new technology Iraq's). Hilal pointed to the fact that security was heavy shadow on the march and got several international meetings on this subject and promises to invest 38 billion dollars did not receive the state only a little added through the frameworks discussed in the economic, social and particularly in the economic structures and conditions of the economy Yeh prevailing in the country and the range of development must focus on basic infrastructure in Iraq, such as health, education and means of communication, water and sewage networks, electricity and other services which are pillars to be fulfilled in any process they play an important role not only in determining the investment volumes as a the polarized in host economies and even distribution between sectors and this has made many nations in a competitive race to attract (foreign investment) through direct facilities without extensive consideration of the social effects resulting from the lack of proper planning to pay many of the economic institutions for Pththi R. Governments led astray by those policies and social impact (Helal) described the environment as a paramilitary Iraqi infrastructure destroyed therefore the responsibility rests on the planned mission in the Iraqi economic consideration of the reality of the Iraqi budget in the process of attracting foreign capital through programs that the Iraqi economy and the promotion of modernization and merging the global economy, according to legislative axes that are flexible, attractive and the creation of (economic environment for investment) and requires that work according to several factors, including the stabilization of the Iraqi currency (the dinar) because studies proved the existence of a negative correlation between the exchange rate and the flow of foreign investment because of exchange rate exchange lead to the rapid changes in the relative profitability of investment returns, the strongest factor is the reduction of (inflation), which in turn affects the movement of capital as it affects the production costs and profitability of the market and the investment climate studies conducted over 54 developing countries emerged that there was a negative correlation between high rates of inflation and foreign investment because of the weakness of the economy in the host countries, which poses a threat to investors and then work on the development and promotion of exports, especially non-oil and reorganization (of the banking system) to meet the economic conditions of local and foreign work on controlling the deficit in the (budget) of the Iraqi State and mitigation of (foreign debt) and to develop the infrastructure and facilities insisted Yueh in the Iraqi economy as well as that we should find new incentives commensurate with the needs of investors and implementation of promotional campaigns to identify the advantages and the attractiveness of investment in the host country (Iraq) ... ( Hilal) said that foreign investment is affected by the extent of political stability in the host country that the political factor more a factor dummy to take different (private investment decisions), and even the Assembly and the fact that this is a group of several risks in the investment process, including (nationalization, the confiscation of private property, government intervention in economic activity) and this impacts negatively on building economic projects and create obstacles to attracting foreign investment.